Weekly Guru Bargains Highlights: CFFN, CCJ, AIG, AKAM, BRCM

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May 09, 2011
According to GuruFocus updates, these stocks have declined the most since Gurus have bought.


Capitol Federal Financial Inc (CFFN, Financial): Down 54% Since Daniel Loeb Bought In the Quarter Ended on 2010-12-31


Daniel Loeb initiated holdings in Banks company Capitol Federal Financial Inc during the quarter ended 12/31/2010. His purchase prices were between $23.09 and $26.44, with an estimated average price of $24.03. Since then the prices of Capitol Federal Financial Inc shares have declined by -54% from the estimated average. Daniel Loeb owned 750,225 shares of as of 12/31/2010.


Capitol Federal Financial is a federally chartered mid-tier holding company. Capitol Federal Financial Inc has a market cap of $1.84 billion; its shares were traded at around $11.01 with a P/E ratio of 29.5 and P/S ratio of 4.5. The dividend yield of Capitol Federal Financial Inc stocks is 2.7%.


For the quarter ended December 31, 2010, the Company recognized a net loss of $11.3 million, compared to net income of $21.0 million for the same period in the prior fiscal year. The net loss was due to the $40.0 million ($26.0 million, net of income tax benefit) contribution to the Foundation made in connection with the corporate reorganization.


Michael Price bought 300,000 shares in the quarter that ended on 12/31/2010, which is 0.6% of the $593 million portfolio of MFP Investors LLC. Daniel Loeb bought 750,225 shares in the quarter that ended on 12/31/2010, which is 0.48% of the $1.88 billion portfolio of Third Point, LLC. David Einhorn bought 100,000 shares in the quarter that ended on 12/31/2010, which is 0.02% of the $4.94 billion portfolio of Greenlight Capital Inc.


CAMECO Corp. (CCJ, Financial): Down 26% Since Manning & Napier Advisors, Inc Bought In the Quarter Ended on 2011-03-31


Manning & Napier Advisors, Inc added to his holdings in General Mining company Cameco Corp. by 26.67% during the quarter ended 03/31/2011. His purchase prices were between $28.1 and $43.59, with an estimated average price of $38.25. Since then the prices of CAMECO Corp. shares have declined by -26% from the estimated average. Manning & Napier Advisors, Inc owned 8,628,315 shares of as of 03/31/2011.


CCJ recently reported its first quarter 2011 results. Net earnings attributable to shareholders (net earnings) this quarter were $91 million ($0.23 per share diluted) compared to $143 million ($0.36 per share diluted) in the first quarter of 2010. On an adjusted basis, earnings this quarter were $85 million ($0.21 per share diluted) compared to $112 million ($0.28 per share diluted) in the first quarter of 2010.


Cameco Corporation is the world's largest publicly traded uranium company and a growing gold producer. Cameco Corp. has a market cap of $11.2 billion; its shares were traded at around $28.4 with a P/E ratio of 22.9 and P/S ratio of 5.4. The dividend yield of Cameco Corp. stocks is 1.3%. Cameco Corp. had an annual average earnings growth of 21% over the past 10 years. GuruFocus rated Cameco Corp. the business predictability rank of 4-star.


Richard Aster Jr owns 1,235,720 shares as of 12/31/2010, an increase of 20.78% from the previous quarter. This position accounts for 1.68% of the $3.34 billion portfolio of Meridian Fund. PRIMECAP Management owns 4,327,800 shares as of 12/31/2010, which accounts for 0.26% of the $67.24 billion portfolio of PRIMECAP Management.


AMERICAN INT'L GROUP INC (AIG, Financial): Down 32% Since Jeremy Grantham Bought In the Quarter Ended on 2010-12-31


Jeremy Grantham added to his holdings in Full Line Insurance company American Int'l Group Inc by 50.33% during the quarter ended 12/31/2010. His purchase prices were between $39.28 and $59.38, with an estimated average price of $44.93. Since then the prices of AMERICAN INT'L GROUP INC shares have declined by -32% from the estimated average. Jeremy Grantham owned 342,600 shares of as of 12/31/2010.


American International Group, Inc., world leaders in insurance and financial services, is the international insurance organization with operations in more than one hundred thirty countries and jurisdictions. American Int'l Group Inc has a market cap of $55.16 billion; its shares were traded at around $30.7 with and P/S ratio of 0.8.


AIG recently reported net income attributable to AIG of $269 million and after-tax operating income of $2.0 billion for the quarter ended March 31, 2011, compared to net income of $1.8 billion and after-tax operating income of $637 million for the first quarter of 2010. The diluted loss per share was $0.35 for the first quarter of 2011, compared with earnings per share of $2.66 for the first quarter of 2010. The 2011 first quarter after-tax operating income per share of $1.30 compared with after-tax operating income per share of $0.95 for the first quarter last year.


Bruce Berkowitz owns 44,285,986 shares as of 12/31/2010, an increase of 34.57% from the previous quarter. This position accounts for 16.16% of the $15.79 billion portfolio of Fairholme Capital Management. Daniel Loeb owns 200,000 shares as of 12/31/2010, which accounts for less than 0.01% of the $1.88 billion portfolio of Third Point, LLC.


Buy: 10% Owner Capital Management L Fairholme bought 689,200 shares of AIG stock on 12/08/2010 at the average price of 44.04. Capital Management L Fairholme owns at least 81,417,533 shares after this. The price of the stock has decreased by 30.29% since. Other insiders have also increased their positions in the company.


Akamai Technologies Inc. (AKAM, Financial): Down 30% Since Jeremy Grantham Bought In the Quarter Ended on 2010-12-31


Jeremy Grantham added to his holdings in Internet company Akamai Technologies Inc. by 108.46% during the quarter ended 12/31/2010. His purchase prices were between $44.18 and $54.14, with an estimated average price of $49.48. Since then the prices of Akamai Technologies Inc. shares have declined by -30% from the estimated average. Jeremy Grantham owned 105,900 shares of as of 12/31/2010.


AKAM recently reported financial results for the first quarter ended March 31, 2011. Revenue for the first quarter of 2011 was $276.0 million, a 15 percent increase over first quarter 2010 revenue of $240.0 million.


Akamai Technologies Inc. is the global service provider for accelerating content and business processes online. Akamai Technologies Inc. has a market cap of $6.48 billion; its shares were traded at around $34.62 with a P/E ratio of 33 and P/S ratio of 6.5. Akamai Technologies Inc. had an annual average earnings growth of 26.4% over the past 5 years.


Sell: CFO J Donald Sherman sold 5,000 shares of AKAM stock on 02/22/2011 at the average price of 40.99. J Donald Sherman owns at least 98,965 shares after this. The price of the stock has decreased by 15.54% since. Other insiders have also decreased their positions in the company.


Broadcom Corp. (BRCM, Financial): Down 21% Since John Hussman Bought In the Quarter Ended on 2011-03-31


John Hussman initiated holdings in Semiconductors company Broadcom Corp. during the quarter ended 03/31/2011. His purchase prices were between $38.89 and $47.34, with an estimated average price of $42.95. Since then the prices of Broadcom Corp. shares have declined by -21% from the estimated average. John Hussman owned 650,000 shares of as of 03/31/2011.


Broadcom Corporation is a developer of highly integrated siliconsolutions that enable broadband digital data transmission to the home and within the business enterprise. Broadcom Corp. has a market cap of $18.39 billion; its shares were traded at around $34.14 with a P/E ratio of 16.2 and P/S ratio of 2.7. The dividend yield of Broadcom Corp. stocks is 1%. Broadcom Corp. had an annual average earnings growth of 15.3% over the past 5 years.


BRCM recently reported its first quarter 2011 results. Net revenue for the first quarter of 2011 was $1.82 billion. This represents a decrease in net revenue of 6.6% compared with the $1.95 billion reported for the fourth quarter of 2010 and an increase of 24.2% compared with the $1.46 billion reported for the first quarter of 2010. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the first quarter of 2011 was $228 million, or $.40 per share (diluted), compared with GAAP net income of $266 million, or $.47 per share (diluted), for the fourth quarter of 2010, and GAAP net income of $210 million, or $.40 per share (diluted), for the first quarter of 2010.


John Hussman bought 650,000 shares in the quarter that ended on 03/31/2011, which is 0.43% of the $5.99 billion portfolio of Hussman Economtrics Advisors, Inc.. Andreas Halvorsen bought 1,649,300 shares in the quarter that ended on 12/31/2010, which is 0.6% of the $12.06 billion portfolio of Viking Global Investors LP. George Soros bought 212,816 shares in the quarter that ended on 12/31/2010, which is 0.12% of the $7.69 billion portfolio of Soros Fund Management LLC.


Sell: President & CEO Scott A Mcgregor sold 20,000 shares of BRCM stock on 02/04/2011 at the average price of 45.37. Scott A Mcgregor owns at least 636,639 shares after this. The price of the stock has decreased by 24.75% since. Other insiders have also decreased their positions in the company.